What is package in SAP LOD-SF-CMP - Compensation Management?

SAP Term: package

• Component: LOD-SF-CMP

• Component Name: Compensation Management

• Description: The total compensation and other benefits that an employee receives.

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• Key Concepts: 
  A package in SAP is a collection of related components that are bundled together to provide a complete solution. In the case of the LOD-SF-CMP Compensation Management package, it includes components such as salary planning, bonus planning, and performance management. 
  
  How to use it: 
  The LOD-SF-CMP Compensation Management package can be used to manage employee compensation. It allows users to create salary plans, bonus plans, and performance management plans. It also provides tools for tracking employee performance and managing compensation budgets. 
  
  Tips & Tricks: 
  When using the LOD-SF-CMP Compensation Management package, it is important to ensure that all of the components are properly configured and integrated. This will ensure that the package is able to provide the most accurate and up-to-date information about employee compensation. 
  
  Related Information: 
  For more information about the LOD-SF-CMP Compensation Management package, please visit the SAP website or contact your local SAP representative.